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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />Febraury 10, 2009 <br />Ronald G. Thompson <br />Peak Project Management <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />Re: Adequacy Review <br />Permit Renewal No. 5 (RN-05) <br />Golden Eagle Mine (Permit No. C-81-013) <br />Dear Mr. Thompson: <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />The Division of Reclamation, Mining, and Safety (Division) has completed a review of the <br />current approved permit application for the Golden Eagle mine. At this time, given the limited <br />area and extent of the entirety of the permitted mine, now 1.2 acres at the NW-1 ventilation <br />shaft, no inadequacies or deficiencies were identified. <br />As you know, reclamation costs were recalculated as part of the recent approval (August <br />2008) of SL-06, a Phase III bond release for the majority of the disturbed area. The approved <br />bond amount to be held by the Division as a result of SL-06 was $72,099.00 and that bond <br />amount is the amount currently held as required by the Division. This bond amount is <br />statutorily limited by Rule 3.03.1(2) and far exceeds any amount of bond that might be <br />required should reclamation efforts at the NW-1 shaft fail or abandonment of the remaining 6 <br />water wells be required under the permit. <br />Revised Legal and Compliance information required by Rule 2.03 was recently approved <br />under Minor Revision No. 83 (MR-83) in October 2008. <br />The Division will move forward on developing the required written findings for the Golden <br />Eagle Mine. If any issues are identified prior to that time that should be resolved under the <br />renewal process, we will let you know. If you have any questions, please contact me. <br />Ynt rel A. Gorham <br />Environmental Protection Specialist II <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines